Forex Chaos Fractals Expert Advisor Setup - Setting Up Chaos Fractals Expert Advisor

Forex Chaos Fractals Expert Advisor Setup - Settings Up Chaos Fractals Expert Advisor - A Forex trader can come up with an Chaos Fractals Expert Advisor based on the Chaos Fractals indicator explained below.

Forex Chaos Fractals Expert Advisor rules can be combined with other Forex trading indicators to come up with other EA Forex Robots that trade using rules based on two or more indicators combined to form a forex trading system.

Chaos Fractals Technical Analysis and Chaos Fractals Forex Trading Signals

Developed by Bill Williams

A fractal is formed by three price bars

It is used to detect the bottom or the top.

Up Fractal- defined as a middle bar with two lower highs on each side (A- shaped)

Up Fractal - Forex Chaos Fractals Expert Advisor Setup

Down Fractal- defined as a middle bar with two higher lows on each side (V-shaped)

Up Fractal - Forex Chaos Fractals Expert Advisor Setup

Technical Analysis and Generating Signals

Break Out Trading

The break out method of using fractals to initiate trades is to take trades based on the direction of a price breakout above or below most recent fractal.

Buy Signal

If price breaks above the most recent Up Fractal enter long.

Stop losses should be placed below the lowest low of the most recent Down Fractal or second most recent Down Fractal.

Buy Signal Break Out Trading - Forex Chaos Fractals Expert Advisor Setup

Sell Signal

If price breaks below the most recent Down Fractal enter short.

Stop losses should be placed above the highest high of the most recent Up Fractal or second most recent Up Fractal.

Sell Signal Break Out Trading - Forex Chaos Fractals Expert Advisor Setup